: a tax on the net income of an individual or a business
Examples of income tax in a Sentence
Federal income tax will be deducted from your pay.
The new law will lower income taxes for most taxpayers.
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On Friday the governor signed a law that will give Georgians income tax rebates of up to $500, plus a separate measure that will suspend the state’s gas tax for 60 days.—David Wickert, AJC.com, 21 Mar. 2026 Up to 85% of your Social Social income is taxed at ordinary income tax rates.—Elliot Raphaelson, The Orlando Sentinel, 21 Mar. 2026 While at the helm of Brazil’s finance ministry, Haddad pushed through huge changes in how the country taxes goods and services, a proposal that had been in the works for decades, as well as a popular income tax reform.—ABC News, 20 Mar. 2026 All that comes on top of a general reduction in top marginal federal income tax rates that have reduced them to the lowest level in a half-century.—Business Columnist, Los Angeles Times, 19 Mar. 2026 See All Example Sentences for income tax